Profits at Citi rose 74 per cent in the third quarter to $3.8 billion (£2.41 billion), or $1.23 per share, up from $2.2 billion in the same quarter last year, the bank said. Revenue was largely flat, at $20.8 billion, compared with $20.74 billion a year ago, helped by an accounting gain of nearly $2 billion. Excluding the gain, revenues were down 8 per cent to $18.9 billion,